Well, they have done it again.
Close to 600 million in debt.
The ccc is well known for corrupt councilers and politicians, but this is a new low.
Sacked, again, they now plan to recoup their financial mismanagement/corruption by increasing rates.
Already one of the highest rates in Australia, here we go again.

any link valkie?..

BAD NEWS REPORT.


Quote:

The sixth largest council in Australia, Central Coast Council, is in the grip of a financial crisis with a forecast budget blowout of more than $200 million and accrued debts of more than $565 million. Key points: Councillors, including the mayor, were suspended in October with the council on the brink of being unable to pay its 2,000 staff Today's report reveals an operating loss for the past two years to be more than $200 million The report confirmed its former CEO and CFO were aware of the use of restricted funds A damning report detailing the findings of a 30-day investigation into the financially-stricken council, just north of Sydney, was released by newly-appointed administrator Dick Persson on Wednesday. Thirteen councillors, including the mayor, were suspended in October when the council revealed it was facing an $89 million budget blowout and was on the brink of being unable to pay its 2,000 staff. But the full extent of council's financial position has sent shockwaves through a community which will ultimately be forced to pay the price for what has been described as serious financial mismanagement and the unlawful use of millions in restricted funds. "They don't expect to see things go from what seemed to be okay to what I'm calling the greatest financial calamity in the history of local government in New South Wales," Mr Persson said. Debt continues to grow Mr Persson's report details how the council went from a $65 million surplus to a $200 million deficit in four years. The 10-page document reveals the Central Coast Council's operating loss for the current financial year is forecast to be about $115 million, on top of last year's known $89 million deficit. While the investigation found no evidence of theft or corruption, the report confirmed the former chief executive officer, who was sacked just days ago, and the former chief financial officer were aware of the illegal use of restricted funds and allowed it to continue. A man standing at microphones. Interim administrator Dick Persson released the damning report on how council went from a $65 million surplus to a $200 million deficit in four years.(ABC Central Coast: Emma Simkin) Mr Persson defended the elected councillors, to a point, by maintaining they could not have been expected to be aware of the unauthorised use of the restricted monies, particularly when it was not detailed in reports to council. But he said they had ample powers to obtain any financial information they wanted, and by not doing so also "failed to perform one of their most important responsibilities". The amalgamation of Gosford and Wyong councils to form Central Coast Council continues to be a divisive community issue with some ongoing calls for the entity to be de-amalgamated, and the latest financial crisis has fuelled that argument. The administrator was adamant the council merger played only a small part in the council's "rapid financial decline".

How much do you pay in Rates each year, for interest's sake?

Wouldn't live there in a fit... you couldn't bury me there, given it's brown, near-stagnant water views, its crime rate and rate of low-livers and other trash, its drug problems, and all the insanities that go with those.... including the filth that masquerade as 'council' (not that they're much better up here) ... constantly selling out to the black and so forth as if they are the only game in town with any rights by changing festival names and such while actually keeping the same blacks in a ghetto....

Here is MY ocean.... nice little right hand break there - but watch for the rocks underneath...

https://i.imgflip.com/4oq2kb.jpg

Think that when I finish here at this house, once the ex and I part, that is, I'll buy a very large power boat and head off.....

Grappler Truth Teller Feller wrote on Dec 3^rd, 2020 at 1:24pm:

Wouldn't live there in a fit... you couldn't bury me there, given it's brown, near-stagnant water views, its crime rate and rate of low-livers and other trash, its drug problems, and all the insanities that go with those.... including the filth that masquerade as 'council' (not that they're much better up here) ... constantly selling out to the black and so forth as if they are the only game in town with any rights by changing festival names and such while actually keeping the same blacks in a ghetto.... Here is MY ocean.... nice little right hand break there - but watch for the rocks underneath... https://i.imgflip.com/4oq2kb.jpg Think that when I finish here at this house, once the ex and I part, that is, I'll buy a very large power boat and head off.....

Quote:

given it's brown, near-stagnant water views

What do you think the image you posted shows ?

While I am sure it is in reality lovely but the dominant colour looks brownish, The beach looks solid brown, no sand ?  The average Central Coast beach would be in front of this example.

Yet they had to merge Gosford and Wyong councils - nobody wanted it. They say nothing to do with it - I say BS.

Just think of all the advantages it would give.

Not only have they spent all this money but they have done nothing with the money ?

Valkie wrote on Dec 3^rd, 2020 at 12:40pm:

BAD NEWS REPORT. Quote:     The sixth largest council in Australia, Central Coast Council, is in the grip of a financial crisis with a forecast budget blowout of more than $200 million and accrued debts of more than $565 million. Key points: Councillors, including the mayor, were suspended in October with the council on the brink of being unable to pay its 2,000 staff Today's report reveals an operating loss for the past two years to be more than $200 million The report confirmed its former CEO and CFO were aware of the use of restricted funds A damning report detailing the findings of a 30-day investigation into the financially-stricken council, just north of Sydney, was released by newly-appointed administrator Dick Persson on Wednesday. Thirteen councillors, including the mayor, were suspended in October when the council revealed it was facing an $89 million budget blowout and was on the brink of being unable to pay its 2,000 staff. But the full extent of council's financial position has sent shockwaves through a community which will ultimately be forced to pay the price for what has been described as serious financial mismanagement and the unlawful use of millions in restricted funds. "They don't expect to see things go from what seemed to be okay to what I'm calling the greatest financial calamity in the history of local government in New South Wales," Mr Persson said. Debt continues to grow Mr Persson's report details how the council went from a $65 million surplus to a $200 million deficit in four years. The 10-page document reveals the Central Coast Council's operating loss for the current financial year is forecast to be about $115 million, on top of last year's known $89 million deficit. While the investigation found no evidence of theft or corruption, the report confirmed the former chief executive officer, who was sacked just days ago, and the former chief financial officer were aware of the illegal use of restricted funds and allowed it to continue. A man standing at microphones. Interim administrator Dick Persson released the damning report on how council went from a $65 million surplus to a $200 million deficit in four years.(ABC Central Coast: Emma Simkin) Mr Persson defended the elected councillors, to a point, by maintaining they could not have been expected to be aware of the unauthorised use of the restricted monies, particularly when it was not detailed in reports to council. But he said they had ample powers to obtain any financial information they wanted, and by not doing so also "failed to perform one of their most important responsibilities". The amalgamation of Gosford and Wyong councils to form Central Coast Council continues to be a divisive community issue with some ongoing calls for the entity to be de-amalgamated, and the latest financial crisis has fuelled that argument. The administrator was adamant the council merger played only a small part in the council's "rapid financial decline".

How can they say illegal use of money is not theft or corruption?

Labor mayor i guess that explains it. https://coastcommunitynews.com.au/central-coast/news/2020/11/goodbye-to-democracy-ex-mayor-matthews/

Bribes, it's always worked in the past.

And they have nearly 00 million to bribe with

Dnarever wrote on Dec 3^rd, 2020 at 7:43pm:

Grappler Truth Teller Feller wrote on Dec 3rd, 2020 at 1:24pm: Wouldn't live there in a fit... you couldn't bury me there, given it's brown, near-stagnant water views, its crime rate and rate of low-livers and other trash, its drug problems, and all the insanities that go with those.... including the filth that masquerade as 'council' (not that they're much better up here) ... constantly selling out to the black and so forth as if they are the only game in town with any rights by changing festival names and such while actually keeping the same blacks in a ghetto.... Here is MY ocean.... nice little right hand break there - but watch for the rocks underneath... https://i.imgflip.com/4oq2kb.jpg Think that when I finish here at this house, once the ex and I part, that is, I'll buy a very large power boat and head off..... Quote: given it's brown, near-stagnant water views What do you think the image you posted shows ? While I am sure it is in reality lovely but the dominant colour looks brownish, The beach looks solid brown, no sand ?  The average Central Coast beach would be in front of this example.

That's at sunset in the shadow of a hill..... in direct sunlight it is a gorgeous blue/green/aquamarine - the CC is a brown nitrogen laden cess pool.... with a serious showing of particles in the water in bright sunlight....

Would YOU swim there?  Only at the ocean away from the outfall fallout.......

Mine is clear water at sunset and not a filter in sight......... YOURS?

Dnarever wrote on Dec 3^rd, 2020 at 7:49pm:

Yet they had to merge Gosford and Wyong councils - nobody wanted it. They say nothing to do with it - I say BS. Just think of all the advantages it would give. Not only have they spent all this money but they have done nothing with the money ?

GladysInc did that for you .... or was it the Dread Privateer Baird?  So many assholes - so little time....

Sunset again - you assholes got that?

https://i.imgflip.com/4orf2u.jpg

Wouldn't piss in the Central Coast water off-beach - it might start some dire reaction...

Dnarever wrote on Dec 3^rd, 2020 at 7:43pm:

Grappler Truth Teller Feller wrote on Dec 3rd, 2020 at 1:24pm: Wouldn't live there in a fit... you couldn't bury me there, given it's brown, near-stagnant water views, its crime rate and rate of low-livers and other trash, its drug problems, and all the insanities that go with those.... including the filth that masquerade as 'council' (not that they're much better up here) ... constantly selling out to the black and so forth as if they are the only game in town with any rights by changing festival names and such while actually keeping the same blacks in a ghetto.... Here is MY ocean.... nice little right hand break there - but watch for the rocks underneath... https://i.imgflip.com/4oq2kb.jpg Think that when I finish here at this house, once the ex and I part, that is, I'll buy a very large power boat and head off..... Quote: given it's brown, near-stagnant water views What do you think the image you posted shows ? While I am sure it is in reality lovely but the dominant colour looks brownish, The beach looks solid brown, no sand ?  The average Central Coast beach would be in front of this example.

Fair call.
The Tuggerah lake system are stagnant cesspits' of filth.
The average depth is around 8 feet, weed grows prolifically and there is very little water exchange with the sea.

Council after council have rejected, pontificated, screwed around and refused to open the entrance channel to allow water to flush out the smelly lake.
Their excuse?
They say its because the lake will flood.......bull shite.
Recent flooding was fixed when a guy used his dozer to open the channel.
They were going to charge him with something, but community outrage made them back off.

The lakes are smelly and I have not put my boat in them for years.
A scum line always the result if anyone is silly enough to do it.
There are few healthy fish as well, you can catch them, but I wouldn't eat them.

I fish in Lake Macquarie, much cleaner and better managed.

The CC council do little with their cash, roads are total crap, ovals are generally unmown and they dont mow the streets, its the residents duty, so it often dont get done.

Now that Wyong Council has merged with Gosford, its simply got worse.
We always had plenty of water, our dam never gets too low.
But the idiots in Gosford put their Dam in the wrong place, the other side of the range....no rain gets there.
So they make the Wyong people suffer water restrictions just like Gosford to try and make the Gosford ratepayers feel better.

In the 32 years I have lived here there has been virtually zero infrastructure improvement in the Wyong area.
And Gosford screwed up all the roadworks they have had done so badly that they got crap and at a very expensive cost.
I wouldn't be surprised if they used it to launder money.

All in all, if I was a bit younger and had the cash, I would be out of here.
But as it stands, I own everything and cannot justify moving.

But it galls me that a corrupt, inept and openly stupid council gets away with the graft and corruption every time.

A good head chopping exercise should be undertaken.

Wasn't Lake Macquarie the 'Independent' Electorate or Shire that did very well during the harsh Water Restriction periods across the State? Like Clover Moore's turf in Sydney - two Independents that did very well for their people.

...the closer you get to 'Amerika!' - the crapier Australia gets.  :D North is for the drop kicks.

Baronvonrort wrote on Dec 3^rd, 2020 at 8:02pm:

Valkie wrote on Dec 3rd, 2020 at 12:40pm: BAD NEWS REPORT. Quote:     The sixth largest council in Australia, Central Coast Council, is in the grip of a financial crisis with a forecast budget blowout of more than $200 million and accrued debts of more than $565 million. Key points: Councillors, including the mayor, were suspended in October with the council on the brink of being unable to pay its 2,000 staff Today's report reveals an operating loss for the past two years to be more than $200 million The report confirmed its former CEO and CFO were aware of the use of restricted funds A damning report detailing the findings of a 30-day investigation into the financially-stricken council, just north of Sydney, was released by newly-appointed administrator Dick Persson on Wednesday. Thirteen councillors, including the mayor, were suspended in October when the council revealed it was facing an $89 million budget blowout and was on the brink of being unable to pay its 2,000 staff. But the full extent of council's financial position has sent shockwaves through a community which will ultimately be forced to pay the price for what has been described as serious financial mismanagement and the unlawful use of millions in restricted funds. "They don't expect to see things go from what seemed to be okay to what I'm calling the greatest financial calamity in the history of local government in New South Wales," Mr Persson said. Debt continues to grow Mr Persson's report details how the council went from a $65 million surplus to a $200 million deficit in four years. The 10-page document reveals the Central Coast Council's operating loss for the current financial year is forecast to be about $115 million, on top of last year's known $89 million deficit. While the investigation found no evidence of theft or corruption, the report confirmed the former chief executive officer, who was sacked just days ago, and the former chief financial officer were aware of the illegal use of restricted funds and allowed it to continue. A man standing at microphones. Interim administrator Dick Persson released the damning report on how council went from a $65 million surplus to a $200 million deficit in four years.(ABC Central Coast: Emma Simkin) Mr Persson defended the elected councillors, to a point, by maintaining they could not have been expected to be aware of the unauthorised use of the restricted monies, particularly when it was not detailed in reports to council. But he said they had ample powers to obtain any financial information they wanted, and by not doing so also "failed to perform one of their most important responsibilities". The amalgamation of Gosford and Wyong councils to form Central Coast Council continues to be a divisive community issue with some ongoing calls for the entity to be de-amalgamated, and the latest financial crisis has fuelled that argument. The administrator was adamant the council merger played only a small part in the council's "rapid financial decline".       How can they say illegal use of money is not theft or corruption? Labor mayor i guess that explains it. https://coastcommunitynews.com.au/central-coast/news/2020/11/goodbye-to-democracy-ex-mayor-matthews/

My guess would be because they didn't steal it or use it corruptly.

Seems they spent money on legitimate council business that they were not entitled to spend.  Seems that they paid for things out of the wrong bucket ($7 Million) and it has been administratively returned from the correct bucket.

Valkie wrote on Dec 3^rd, 2020 at 9:16am:

Well, they have done it again. Close to 600 million in debt. The ccc is well known for corrupt councilers and politicians, but this is a new low. Sacked, again, they now plan to recoup their financial mismanagement/corruption by increasing rates. Already one of the highest rates in Australia, here we go again.

Blame the NSW government - they can easily fix it throwing them in jail.